7 Amendments of Doru-Claudian FRUNZULICĂ related to 2018/2202(DEC)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. Acknowledges that, in the opinion of the Court of Auditors (the 'Court’), the European Banking Authority’s (the ‘Authority’) transactions underlying the annual accounts for the year 2017 are legal and regular in all material aspects;
Amendment 5 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Underlines the central role of the Authority in ensuring better oversight of the Union financial system to ensure financial stability, the necessary transparency, a better integrated and safer financial markets, as well as a high degree of consumer protection in the Union, in particular by coordinating an enhanced supervision over national supervisory authorities
Amendment 12 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. considers that, while carrying out its work and in particular when drafting implementing legislation, EBA needs to regularly and comprehensively inform the Union legislator about its activities; stresses that it is essential for the Authority, in view of the nature of its assignments, to exhibit transparency, not only to the European Parliament and the Council, but to the Union citizens as well; expects the Authority to publish the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups more swiftly.
Amendment 18 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses the need to allocate more resources to anti-money laundering tasks to fulfil the Authority’s oversight functions and inquiries into national institutions; urges the Authority to ensure that competent authorities and credit and financial institutions apply the European Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) legislation effectively and consistently; asks the Authority to develop common guidance in exchange with ESMA and EIOPA on how to integrate AML/CFT risks in prudential supervision;
Amendment 22 #
Draft opinion
Paragraph 5
Paragraph 5
5. Emphasizes that the Authority’s budget is financed partly40% from European Union funds and partly60% through direct contributions from the Member States’ supervisory authorities and that this mixed financing arrangements may pose a threat to its independence and supervisory tasks; highlights that the Authority’s revenue will decrease as a result of the United Kingdom’s decision to withdraw from the Union, and stresses the need to find adequate arrangements for its funding., that would allow the Authority to fulfil its mandate consistently, independently and efficiently;.
Amendment 25 #
Draft opinion
Paragraph 6
Paragraph 6
6. Highlights that the Authority will leave the United Kingdom in 2019, and draws attention to its budgetary implications; notes that its accounts and notes have been drawn up using the information available at the time of signing the accounts and draws the attention to its budgetary implications; mentions that on 20 November2017, the General Affairs Council of the European Union agreed to move the seat of the Authority to Paris, France and acknowledges that removal is planned for the beginning of 2019 and the Authority’s accounts include provisions for related costs amounting to 6,7 million euros and disclose 11,2 million euros remaining future contractual payments as scheduled for the Office in London.
Amendment 28 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Notes that, the Court observed some weaknesses in public procurement, mostly relating to services that lack of adequate balance between price and quality aspects; highlights that such procedures indicate that the Authority puts an over-emphasis on quality criteria and do not allow the identification of the most economically advantageous solutions, which should show a fair balance between quality and price.